Additions of solar-generating capacity across the U.S. outpaced other resources in 2023 and 2024, according to the U.S. Energy Information Administration (EIA). Earlier this year, the EIA forecast U.S. solar power generation will grow 75% from 163 billion kilowatt-hours (kWh) in 2023 to 286 billion kWh in 2025.
Florida, the third most populous state in the U.S., is experiencing a broad array of industrial projects. Industrial Info is tracking nearly $7.9 billion worth of projects actively under construction in the state, with billions of dollars’ worth more in the planning or engineering stage.
The Greater Houston area in Texas covers 10,000 square miles, making it a hub of industrial activity. Industrial Info is tracking about $15 billion worth of industrial projects that are under construction in the Houston metropolitan area, with more than half of the spend attributed to the Chemical Processing, Power and Oil & Gas Production industries.
There are questions that are lingering on the minds of those in the industrial marketplace as to what the new year holds. Key decisions are still to be made regarding legislation that could have a pivotal impact on industrial sectors including the CHIPS Act, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act.
